Market watch: KSE-100 rebounds with slight gain of 62 points tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Ahsan M Saleem, co-founder and non-executive director of TCF
Nadeem Hussain was 10 years old when his family escaped from bonded labour and arrived in Karachi. His family took up residence in a katchiabadi and his father found a job in a textile factory. Nadeem enrolled in a neighbourhood The Citizens Foundation (TCF) school while working as child labour in the factory. Fast-forward years later, Mr Hussain attended the Institute of Business Administration, sitting in an aisle across the daughter of the owner of the textile factory that his father used to work in.
Such is the power of education, the great equaliser across classes.
Market watch: KSE-100 loses ground, falls below 46,000
Benchmark index drops 103 points to settle at 45,989.35
Shares of 405 companies were traded. At the end of the day, 187 stocks closed higher. PHOTO: FILE
KARACHI:
A day after breaching the 46,000-point barrier, the bourse turned bearish on Thursday and the KSE-100 index shed 103 points as Moody’s report on Pakistan’s economy played on investors’ mind and they resorted to profit-booking.
Moody’s Investors Service on Wednesday projected that Pakistan’s economy would grow at a slow pace of 1.5% during the ongoing fiscal year, which pushed market players to divest their stockholdings.
In the morning, trading began on a positive note, however, the optimism was overshadowed by gloomy news flow and as a result the index oscillated between green and red zones throughout the day.
Stocks drift lower on profit-selling - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.